My understanding that the total return of a fund is the NAV capital return plus the income return (dividends, etc). It seems to me that (outside of tax implications) total return is the most critical number for comparing funds. However, most of the standard financial charts (Google, Yahoo...) only seem to allow me to compare the NAV of the fund - this only really seems useful when a stock or fund does not produce dividends. I found this confusing when I first got into investing - I was often comparing apples to oranges.
It's true, I can go to the individual fund page - e.g. VBTLX or Morningstar performance pages to get the total return but this is not the what a search engine or many financial sites will give me if I put in the symbols.
- Is my understanding correct about wanting to compare the total return of the fund correct?
- If so, why is the NAV capital return not the default reported in so many places?
- As an investor why do I care about the NAV? Why wouldn't I be more interested in the Total Return?